5-year and 30-year U.S. Treasury yields inverted once again on Friday morning, stoking fears that a recession could be in the cards.
Yields move inversely to prices and 1 basis point is equal to 0.01%.The more closely watchedthen flipped after market close on Thursday. Some data providers showed the 2-10 spread technically inverted for a few seconds earlier Tuesday, but CNBC data did not confirm the inversion until Thursday.
Historically, yield curve inversions have occurred prior to to recessions, as investors selling out of short-dated Treasurys in favor of long-dated government bonds signals concerns about the health of the economy., and that it can be more than a year after the yield curve inverts before there is an economic downturn.
In addition to rising inflation amid the Russia-Ukraine war, investors have become concerned that the Federal Reserve's plans to potentially hike rates more aggressively to combat pricing pressures, could tip the economy into a recession.
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